California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 10 - Banks
Article 6 - California State Offices of Foreign (Other Nation) Banks
Subarticle 3 - Agencies and Branch Offices
Part 2 - Establishment of Agency or Branch Office
Subpart 4 - Post-Approval Matters
Section 10.14186 - Expiration and Extension of Approval of Application

Universal Citation: 10 CA Code of Regs 10.14186

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) The Commissioner's approval of an application for approval to establish a subject office shall, unless extended by the Commissioner, expire six months after the date of such approval.

(b) An application for an extension of the Commissioner's approval of an application for approval to establish a subject office shall contain the following information:

(1) Date on which the time for establishing the subject office is scheduled to expire.

(2) Description of progress to date in completing the establishment of the subject office.

(3) Proposed timetable for completing the establishment of the subject office.

(4) Amount of additional time requested for completing the establishment of the subject office.

(5) Statement of reasons why such additional time is required for completing the establishment of the subject office.

1. Change without regulatory effect amending section filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).

Note: Authority cited: Section 215, Financial Code. Reference: Sections 1703 and 1753, Financial Code.

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